What Does Financial Insurance Do?

Allianz, located in many important centers of the world, including Turkey, is focused on providing services in line with the demands of many companies, from the smallest enterprises to multinational giants, with its financial insurance experts.

As the world's leading insurance company, Allianz offers the most appropriate and correct solutions in line with the needs of its customers. In today's competitive era, Allianz Sigorta A.Ş. has started to provide various financial insurance solutions suitable for managers, professionals and corporations with increasing responsibilities.

In terms of Financial Insurance products, which are growing rapidly in this field due to the rapidly increasing and changing risk factors in the world and in Turkey, Allianz is an expert in its field, as well as having global knowledge and extensive experience , with a great attention and detail approach to possible scenarios. serves with its staff.

Changes in Turkish Commercial Code, Turkish Code of Obligations, Personal Data Protection Law No. 6698 (KVKK) and other laws and regulations both in Turkey and around the world change and shape the risk criteria of institutions and professionals.

Financial Insurance Options

Director's Liability Insurance (D&O Insurance)

With the increase in globalization, managers have to evaluate many variables for their companies and make the best decision quickly in accordance with the changing legal regulations. In this process, many foreseen or unforeseen risks arise that affect managers.

Why is Executive Liability Insurance Important?

Allianz offers the Manager's Liability Insurance product, which provides coverage for the amounts that managers may be legally liable to pay, in terms of damages that may occur due to the real or alleged errors of the insurant and its subsidiaries, members of the board of directors and managers under these difficult market conditions, together with its expert staff. .

With the effect of including Executive Liability Insurance under Article 361 of the Turkish Commercial Code, Executive Liability Insurance has become one of the most demanded insurance products.

However, many additional guarantees, including defense costs, investigation costs, and prosecution costs that may be incurred by managers, are offered under Allianz's assurance.

Another great advantage provided by Allianz Sigorta A.Ş. is that thanks to Allianz's wide global insurance network, it will provide not only the risks of the policyholder in Turkey, but also the risks in locations outside of Turkey, in accordance with the laws and regulations applicable in these countries. insurance solutions. With the increase in globalization, managers have to evaluate many variables for their companies and make the best decision quickly in accordance with the changing legal regulations. In this process, many foreseen or unforeseen risks arise that affect managers.

Professional Liability Insurance (PI Insurance)

Within the scope of this module, the damages that may occur due to all kinds of sudden and unexpected reasons during normal operation of your machines, whose test and trial period has been completed, are covered under the general and special conditions of machine breakage.

Major risks covered by the Machine Breakdown Module:

• Architecture and Engineering companies,
• Tech companies,
• Medium and large scale accounting offices,
• Medium and large scale Law firms/attorney partnerships,
• Translation offices,
• Telecom companies,
• Media, Multimedia companies,
• Management consulting companies,
• Travel agencies / tourism companies
• Call center companies,
• Companies providing outsourcing services,
• Financial institutions

Project-based Professional Liability Insurance (Project PI Insurance)

In recent years, the number of projects in which architecture and engineering firms based in Turkey take part, both in Turkey and abroad, has shown a rapid increase. In parallel with the increasing legal and contractual liability, these companies are obliged to have a Professional Liability Insurance that provides coverage for the project in question contractually or in terms of the relevant authorities of the country where the project is/will be held.

Allianz provides this insurance product, which covers the damages that may be claimed by third parties due to the errors and negligence of the companies regarding the professional services they provide in the project and that the insured may be legally liable to pay.< /p>

Allianz offers boutique solutions specific to the project in question and meeting the needs of the project.

Cyber Liability Insurance

With the development of the internet and cyber world, the type and number of factors that threaten companies have increased. At the beginning of these are the losses caused by cyber attacks. Factors such as hackers/hackers, improperly encrypted portable devices, fake e-mails, poorly designed information security systems constitute cyber risks.

Organizations that store and/or process data within the scope of other similar laws and regulations regulating the protection of personal data, especially the Law on the Protection of Personal Data No. 6698 (KVKK) and the European Union General Data Protection Regulation (GDPR) responsible.

Cyber Liability Insurance is a special insurance product that provides coverage for the compensation liability incurred by organizations in accordance with the relevant laws as a result of cyber attacks, various expenses incurred by the organization in question as a result of these attacks, and business interruption losses incurred by these organizations as a result of cyber attacks.

Even companies with a strong risk management and high level of IT security can never be 100% protected against cybercrime. For this reason, it is important for companies to secure themselves under cyber liability insurance in the management of possible cyber risks.

Allianz determines the risks that companies are exposed to in this field, taking into account factors such as their culture and information technology level, and designs the most appropriate cyber insurance content for companies around Allianz's global know-how. It offers with assurance.

Public Offering Insurance (POSI Insurance)

Today, public offerings are preferred within the framework of companies' growth strategies and investment plans.

Public Insurance (POSI) is an insurance product that provides coverage for the assets of companies applying to the Capital Markets Board for public offering, institutions offering securities, shareholders managers originating from the prospectus.

Allianz offers special boutique solutions for the said public offering in this field. Allianz Sigorta A.Ş. It offers with assurance.

Investment Management Insurance (IMI)

Management responsibilities of the managers of these institutions as well as providing coverage for the compensation and expenses demanded by third parties and which the organizations are legally obliged to pay, arising from the errors or omissions of the employees under this insurance product, which is specially prepared for portfolio or fund management companies, during the performance of the relevant financial services. It is a special insurance product that provides coverage under the guarantee of Allianz.

Product Features

Your insurance period is at least 10, at most 20 years. The sum of your insurance period and your age should not exceed 70.

The policyholder may pay the premium amount determined as the only premium in equal installments within the first year of the policy.

You can deduct the premiums you pay from tax, provided that they do not exceed certain amounts.

Your premium payments are indexed to US Dollars. Premium payments of the policy, T.C. on the payment date. It will be made in Turkish Lira at the Central Bank's effective selling rate of US Dollars.

You can benefit from Repaying Life Education Insurance and Domestic and International Education Consultancy* services.

*In case the annual required collateral amount is determined below 15,000 USD, Domestic Education Consultancy services can be benefited from, and if it is determined as 15,000 USD or more, International Education Consultancy can be used in addition to Domestic Education Consultancy.